1

Will I be able to keep my home?

Yes, in Florida and under most circumstances, as long as you are current with your mortgage payment, you will keep your homestead property. Your mortgage(s) will remain in tact and you will have to keep up with the payments. The good news is any equity in your home is all yours! If you are behind with your payments, a chapter 13 bankruptcy may be your best option.

2

What else can I keep?

In addition to your home, you are allowed $1,000 worth of household goods and personal property (for joint filers $2,000); $1,000 worth of equity in a vehicle or vehicles ($2,000 for joint filers); all of your retirement accounts; disability money; life insurance and annuities. Even if you are over the limits, most jurisdictions allow you to "buy back" and keep everything you own.